SEC Form 4 · accession 0001179110-18-002785
COWEN INC. · COWN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Owen S Littman
Officer — General Counsel
Period of report
Feb 21, 2018
Accepted (ET)
Feb 23, 2018 · 5:44 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001466538
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Feb 21, 2018 | A | 19,425 | — | A | 162,681 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RSU RightF2,F3 | — | Feb 21, 2018 | A | 8,993 | A | Jan 15, 2019 | Jan 15, 2019 | Class A Common Stock | 8,993 | 8,993 | D |
Explanation of responses
- F1Grant of restricted stock units for no monetary consideration. The restricted stock units will vest with respect to 25% on December 1, 2018, 25% on December 1, 2019, 25% on December 1, 2020 and 25% on December 1, 2021.
- F2Restricted stock units ("RSUs")to be awarded prior to January 15, 2019 ("Award Date"). If reporting person is terminated prior to Award Date, reporting person will receive the cash value of the to be awarded RSUs calculated based on the volume weighted average price of Cowen Inc. Class A common stock, looking back thirty (30) trading days from the date of employment termination.
- F3Grant of right to receive RSUs for no monetary consideration. The to be awarded RSUs will vest on March 10, 2022.